This report analyzes the alginates & derivatives market, in terms of region, type, and application.

The global market is dominated by North America and Europe. Developing countries are emerging as leading exporters of alginates to the North American and European regions. The Asia-Pacific region is one of the prominent producers and exporters of alginates. This region is projected to grow at the highest CAGR of 5.6% from 2014 to 2019. The growing demand for convenience foods, dairy and processed meat products in the Asia-Pacific region drives the alginates & derivatives market.

Globally, the alginates & derivatives market is driven by growing demand for sodium alginate, which is used in various industrial applications such as textile, paper, ceramics, cosmetics, pharmaceuticals, along with the food & beverage industry.

The geographical and application-wise split was determined using secondary sources and verified through primary respondents. Demand in different regions was considered while estimating the market share of the different regions in the market. The market estimation was also based on various parameters, such as the number of players, demand trends, supply trends, and the extent of research activity in a particular region. The global alginates & derivatives market is projected to reach a value of $409.2 million by 2019 growing at a CAGR of 3.8% from 2014 to 2019.

The global alginates & derivatives market is projected to reach a value of $409.2 Million by 2019 growing at a CAGR of 3.8% from 2014 to 2019.

Alginates are used as food additives to improve, modify, and stabilize the texture of foods. The increase in consumption of processed and convenience food products in emerging markets such as Asia-Pacific and Latin American countries have contributed to an increase in the sales of alginates and their derivatives. The demand in developing regions is driven by the increase in disposable income.

In Europe and North America, alginates are particularly used in the processing of meat, fish, dairy products, creams, sauces, and dressings. In most countries, the industrial textile sector is the largest user of alginates. The consumption of alginates in the pharmaceutical sector is less in developing countries as compared to developed countries, which presents untapped potential for the market.

Globally, the market is driven by growing demand for convenience foods, dairy, and meat products in the food & beverage industry. Medicinal properties of alginates, which are used to heal wounds and cure infections and other ailments, are driving the alginates market in most developing regions. Growing food product innovations to incorporate natural ingredients and increasing demand for health and wellness products are emerging opportunities for the alginates & derivatives market.

The figure above depicts the share of North America, Europe, Asia-Pacific, and RoW in the global market. The alginates & derivatives market was the largest in North America, in 2013.

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